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john mccain who said this morning this is going to cost a million jobs if we do the sequester. i happen to think that's a highest mat but it's not just democrats. >> with all respect to john mccain, his record may be worse than the cato institute and mine. >> spending was cut from 22% of gdp to 18% of gdp. spending was cut a lot, those are big numbers and guess, what the economy boomed. sometimes if you leave capital in private hand, you get a better economy. >> larry, let me just say -- >> i got to get out of here. >> i am all for the government getting out of the way, it's a matter of a hippocratic oath, do no harm. >> did you say a hypocritical oath? let me get this right. >> hippocratical. >> economic news was mixed but i think the bullish fundamentals still look good and i have a fair and balanced question for everybody out there. can we call this the obama rally? that's right. i'm going to ask that question. later on in the show, she's the woman a lot of democrats and republicans say would have made the best next a second. she joins us later this how to talk about why defense cuts
market based solution to climate change like the one john mccain and joe lieberman worked on together a few years ago. but if congress won't act soon to protect future generations, i will. i will direct -- [ applause ] i will direct my cabinet to come up with executive actions we can take now and in the future to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy. four years ago other countries dominated the clean energy market and the jobs that came with it. we began to change that. last year wind energy added nearly half of all new power capacity in america. so let's generate even more. solar energy gets cheap er by te year. let's drive down costs even further. as long as countries like china keep going all in on clean energy, so must we. in the meantime, the natural gas boom has led to cleaner power and greater energy independence. we need to encourage that. that's why my administration will keep cutting red tape and speeding up new oil and gas permits. that's got to be part of an all of t
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